NYSE$SPB
Spectrum Brands Holdings Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter fiscal year 2022 results, showing net sales increase and strategic progress in business transformation.
Spectrum Brands Holdings reported a 10.0% increase in net sales and a 4.4% increase in organic net sales for the third quarter of fiscal 2022. The company is progressing with the sale of its HHI business and the separation of its Home & Personal Appliances business. However, adjusted EBITDA declined due to lower volume, unfavorable foreign exchange impact, and higher transaction and restructuring costs.
- Net sales increased by 10.0%, with organic net sales up by 4.4%.
- Net income from continuing operations was $3.0 million.
- Adjusted EBITDA decreased to $80.1 million.
- The company is focused on reducing inventory levels and maximizing cash flow.
Headline financials
Revenue & EPS history
Spectrum Brands · Revenue · Quarterly
$818M
Revenue by segment
Spectrum Brands · $818M total across 3 segments · Q3 2022
- Home & Personal Care$329M+20.0%40.3%
- Global Pet Care$290M+12.8%35.5%
- Home & Garden$199M-6.4%24.3%
Forward guidance
Spectrum Brands expects mid-single digit top-line growth with a mid-twenties EBITDA decline for fiscal year 2022. The company maintains a long-term net leverage target ratio of 2.0 - 2.5 times after deploying HHI proceeds.
Tailwinds
- Expected mid-single digit top-line growth.
- Focus on maximizing cash flow.
- Long-term net leverage target ratio of 2.0 - 2.5 times.
- Confident in closing HHI sale to ASSA ABLOY.
- Businesses remain competitively positioned.
Headwinds
- Expected mid-twenties EBITDA decline for fiscal year 2022.
- Challenging customer dynamics.
- Reduced foot traffic in home center channels.
- Higher inventory levels.
- Unfavorable weather conditions in the Home & Garden business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.8%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
63%
40 / 64 earnings
Positive
+18.1%
Q4 2019
Best reaction
-26.0%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.8% | -5.3% | -4.2% | |
| Q1 2026 | +10.2% | +8.9% | +11.8% | |
| Q4 2025 | +10.0% | +2.0% | +15.2% | |
| Q2 2025 | +3.8% | +8.4% | -9.7% | |
| Q1 2025 | -7.7% | -7.7% | -9.2% | |
| Q4 2024 | -3.9% | -5.3% | -3.6% | |
| Q3 2024 | +7.4% | +9.1% | +12.6% | |
| Q2 2024 | +12.2% | +11.8% | +6.9% | |
| Q1 2024 | +7.4% | +6.2% | +4.4% | |
| Q4 2023 | -14.0% | -14.6% | +3.3% | |
| Q3 2023 | +4.7% | +2.7% | +8.8% | |
| Q2 2023 | +2.7% | +0.7% | +3.4% | |
| Q1 2023 | +1.2% | +2.7% | -7.9% | |
| Q4 2022 | -2.7% | +0.3% | +16.7% | |
| Q3 2022 | +1.2% | -3.0% | -12.9% | |
| Q2 2022 | +7.2% | +4.0% | +4.6% | |
| Q1 2022 | -0.8% | +3.3% | -0.4% | |
| Q4 2021 | +11.4% | +12.4% | +3.8% | |
| Q3 2021 | -1.9% | -1.9% | -5.3% | |
| Q2 2021 | +3.7% | -1.6% | -5.8% | |
| Q1 2021 | +3.2% | +1.7% | +0.3% | |
| Q4 2020 | +2.3% | +2.7% | +9.9% | |
| Q3 2020 | +8.6% | +6.7% | +13.0% | |
| Q2 2020 | -2.4% | -0.7% | +10.3% | |
| Q1 2020 | -0.6% | -4.3% | -12.7% | |
| Q4 2019 | +18.1% | +21.3% | +20.3% | |
| Q3 2019 | +9.0% | +6.4% | +19.6% | |
| Q2 2019 | +4.8% | -0.0% | -7.4% | |
| Q1 2019 | -18.4% | -14.4% | -3.3% | |
| Q4 2018 | -17.0% | -13.4% | -26.8% | |
| Q3 2018 | +13.7% | +13.7% | +18.4% | |
| Q2 2018 | -26.0% | -21.9% | -15.1% | |
| Q1 2018 | -3.9% | -7.4% | -9.8% | |
| Q4 2017 | +12.8% | +16.7% | +15.8% | |
| Q3 2017 | -3.5% | -3.6% | -9.3% | |
| Q2 2017 | -9.8% | -8.9% | -2.7% | |
| Q1 2017 | +6.7% | +4.5% | +14.0% | |
| Q4 2016 | -1.0% | +3.8% | +1.3% | |
| Q3 2016 | +7.0% | +7.3% | +15.4% | |
| Q2 2016 | +2.0% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | +3.8% | — | — | |
| Q4 2014 | -3.1% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +5.1% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +3.7% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2011 | -3.4% | — | — | |
| Q4 2012 | -10.8% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | -4.2% | — | — |
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